Today in Energy
The recent decline in light-duty vehicle sales has affected cars more than light trucks
The 729,000 vehicles sold in the United States in April 2020 amounted to the lowest total since early 2010. The seasonally adjusted annual rate (SAAR) of light-duty vehicle sales in April is the lowest in the U.S. Bureau of Economic Analysis data series that dates back to 1976. Car sales have fallen...
U.S. renewable energy consumption surpasses coal for the first time in over 130 years
In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. This outcome mainly reflects the continued decline in the amount of coal used...
North American crude oil prices are closely, but not perfectly, connected
The New York Mercantile Exchange (NYMEX) front-month futures contract for West Texas Intermediate (WTI), the most heavily used crude oil price benchmark in North America, saw its largest and swiftest decline ever on April 20, 2020, dropping as low as -$40.32 per barrel (b) during intraday trading...
EIA forecasts lower U.S. natural gas consumption in 2020
In the latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that decreases in natural gas consumption in the United States in 2020 will be driven by declines in natural gas used in the industrial, commercial, and residential sectors. In the U.S...
Daytime electricity demand in New York City most affected by COVID-19 mitigation actions
Actions to mitigate the 2019 novel coronavirus disease (COVID-19) have caused daily weekday electricity demand in New York City to decrease by 16% in April compared with expected demand, after accounting for seasonal temperature changes. However, decreases in the city’s electricity demand have...
Most new utility-scale solar in the United States is being built in the South Atlantic
In the past three years, the South Atlantic region of the United States installed more new utility-scale solar photovoltaic (PV) capacity than any other region of the country. States in the South Atlantic region installed 2.2 gigawatts (GW) of new solar capacity in 2019, more than double the 1.0 GW...
The number of active U.S. crude oil and natural gas rigs is at the lowest point on record
Producers were operating the fewest oil and natural gas drilling rigs on record in the United States at 339 on May 12, the lowest level in the Baker Hughes Company’s rig count data series that dates back to 1987. The number of active rigs began sharply decreasing in mid-March as crude oil...
EIA expects record liquid fuels inventory builds in early 2020, followed by draws
As mitigation efforts to contain the 2019 novel coronavirus disease (COVID-19) pandemic continue to lead to rapid declines in petroleum consumption around the world, the production of liquid fuels globally has changed more slowly, leading to record increases in the amount of crude oil and other...
Large battery systems are often paired with renewable energy power plants
Pairing renewable energy generators with energy storage, particularly batteries, is increasingly common as the cost of energy storage continues to decrease. The U.S. Energy Information Administration’s (EIA) latest inventory of electric generators shows that the number of solar and wind...
EIA expects lower natural gas production in 2020
In its May 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that U.S. marketed natural gas production will decrease by 5% in 2020 because of a weakening economic outlook from the impact of efforts to reduce the spread of the 2019 novel coronavirus...
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